Retirement & Financial Planning

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LET'S CREATE A PLAN TOGETHER

Retiring well means living without the fear that you’re going to run out of money. What does that kind of confidence feel like? Priceless. Plan for it. To help our clients achieve a watertight financial plan, we need to work on the 7 areas of financial planning.

  1. Current Financial Position
  2. Protection Planning
  3. Retirement Planning
  4. Investment Planning
  5. Tax Planning
  6. Estate Planning Strategies
  7. Comprehensive Financial Planning

THE PLANNING PROCESS - RETIREMENT & FINANCIAL PLANNING

Once we decide to work together, your LPL advisor will walk you through a personalized planning process to help identify and understand your exact financial situation. These steps help us create a plan that meets your investment and retirement goals. These key planning points tell us:

  • How much savings you’ll need
  • How personal tax planning can save you money
  • How to best invest your savings
  • How to protect what you’ve earned
  • How to pass on your savings to your heirs
  • The order of the accounts you should use to live on
  • How you can eliminate debt and lower expenses
  • After we meet, we take the information you’ve given us, and we deliver you a personalized plan.
  • YOUR PLAN AND WHAT YOU GET
  • Besides being a road map to help you pursue your retirement goals, your plan includes:
  • An income analysis to determine current and future needs
  • Advice on how to save money through tax planning
  • A comprehensive investment plan
  • A review of your estate and legacy plan to outline arrangements that will help protect and provide for your loved ones
  • A stress test to help assess the potential impact a major market event would have on your investments
  • An assessment to align investments with your risk tolerance and financial objectives
  • Successful living-in-retirement recommendations
  • An actionable approach for managing debt and lowering expenses
  • YOUR FINANCIAL PLAN AND LIFE EVOLVE TOGETHER
  • Your retirement plan is a living document. It’s important that it gets updated to mirror the changes in your life. We partner with you via ongoing communications and regularly scheduled meetings, which allow us to make the necessary adjustments as your financial situation evolves.
  • WORKING WITH YOU
  • At LPL Financial, we’ll be here as your life changes. We take your future very seriously. Partnering with us means you get:
  • A credentialed, fiduciary advisor
  • A dedicated client care team
  • Ongoing investment management guidance
  • Modern, easy-to-use technology
  • Meetings whenever you need one
  • A real person answering your calls
  • Education that furthers your interests
Two older men sitting in a chair laughing.

INVESTMENT MANAGEMENT

OUR GOALS ARE YOUR GOALS

We will never recommend an investment just because it’s good or profitable for us. Never. This is about you. If you want investment results, accountability, honesty and clarity? If you want to work with a firm where your goals are the primary motivation? If you want to engage with an advisory firm that thrives when you thrive? Then at LPL Financial, you’ve found a home. The fact is that if we recommend something to you, we do it only because you’ve told us what you want to accomplish, and our research has shown us that the approach we are recommending is the very best way for you to pursue your goals.

We ONLY make recommendations that are in your best interests. Your interests first. Every single time.

HOW WE CHOOSE INVESTMENTS

We start with an extensive analysis of your current investment portfolio and goals.  We give you a clear idea what your risk level is and how you have been performing.  We will also point out any “red flags” errors or omissions in the portfolio and financial plan.

We then determine what your risk level should be. Will you meet your goals with your current plan?

We get down to the science of investment management and educate you on what we invest in and why.  Each investment we choose serves a specific role within the portfolio to create diversification, reduce risk and provide growth potential. And, with confidence, the money we manage for you is held safely and securely by a nationally recognized and fully insured custodian. LPL Financial is a publicly traded self-clearing FDIC and SIPC insured company. LPL financial is considered the largest independent brokerage firm in the United States.

CREATING THE BEST PORTFOLIO FOR YOU

We build portfolios for the sole purpose of helping you reach your financial and investment goals. How do we decide what portfolio is best for you?

  • We meet you.
  • We get to know you.
  • We evaluate yourfinancial situation.
  • We ask youa detailed series of key questions.
  • We then complete a risk analysis of yourgoals, wants and needs.
  • We then set about researching portfolios for the best fits.
  • We then select a specific strategy that aligns yourrisk comfort level and your short and long-term goals.
  • As your life changes, we continue to meet with you and update your investments to keep them in line with your goals, tolerances and needs.

TAX SERVICES

YOUR LIFE GETS BETTER WHEN YOU PLAN

Your taxes and accounting are every bit as important as the other key aspects of your financial life. We understand that the complexity of modern retirement means investment management and retirement planning need to be combined with tax planning to help you pursue your financial goals.

TAX PREPARATION

We have tax preparers on our team or can work hand in hand with your existing tax relationship. It is our job to relieve you of stress and worry and to ensure that you keep as much of your money as possible.

TAX PLANNING

You invest with your future financial goals in mind. Your approach to tax planning should be forward-thinking, as well. We’ll work with you and your advisor to create a tax plan that analyzes your situation, not only today, but years from now. Pre-emptive tax planning can save you thousands of dollars.

Bookkeeping

We work together with our strategic partners to help with your bookkeeping needs. They make bookkeeping easy by tracking business assets, liabilities, income, and expenses. Our bookkeeping services will provide insight into your business by providing monthly financials to help your business succeed. You’ll be more organized so you can focus on what you do best.

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ESTATE PLANNING STRATEGIES

An important part of your personalized retirement plan should include a carefully considered and crafted estate plan to help address your hard-earned legacy passes on according to your wishes. Looking after your loved ones, protecting your assets, preserving your legacy, relieving stress and worry and implementing your directives in a tax-efficient manner are all important parts of what a well-devised estate plan will do for you. Our financial advisors will work with you to help develop a plan that is aligned with your personalized retirement plan. We also coordinate services with a network of estate planning lawyers that will help you:

  • Devise or enhance your will or trust to efficiently transfer your assets
  • Avoid an expensive and lengthy probate process
  • Develop a plan for tax-efficient wealth transfer
  • Make certain your heirs and underage children are protected
  • Identify proper beneficiary designations
  • Carry out your end-of-life instructions
  • Support your favored charities
  • Administer your trust and related legal documents
  • File the appropriate tax returns
  • Creating an estate plan is much easier than many people realize, and virtually no one regrets it. Your legacy is lasting. Prepare for it.

401(k) and retirement plans for Employers

Better for your employees. Better for you. We help you attract and keep talent by improving your plan’s design and making certain you’re meeting your fiduciary responsibility. What is your fiduciary responsibility? As an employer with a defined contribution plan, your fiduciary duty means you are legally responsible for providing your employees with the highest standard of plan care.

Meeting your legal fiduciary responsibility to help meet your fiduciary responsibility, we provide:

  • Customized investment policy statements
  • Customized employee policy statements
  • Quarterly investment reviews
  • Any available fiduciary services

Improve your plan's design and function, we will become experts in your plan and work to improve it so that it functions better and meets the saving and investment needs of your participants. We implement or improve your:

  • Plan selection and design
  • Safe-harbor design (matching and non-elective)
  • Cross-tested profit sharing
  • Auto-enrollment and escalation
  • Qualified default investment alternatives (QDIA)
  • Roth provision

Diversify your plan's investment menu Our in-house investment team has constructed a highly-diverse investment menu, including:

  • Passively-managed index funds
  • Exchange-traded funds
  • Primarily low-cost institutional funds
  • Actively-managed investments
  • Target date funds

Disclaimer:
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

We're serious about educating your employees We really value education. To support your company, your plan and your employees, we provide comprehensive educational materials, including:

  • One on one financial planning meetings with every employee that is interested
  • On-site training
  • Phone support

Insurance Protect against the unexpected

Life insurance, Disability insurance, Long-term care insurance. We can offer coverage from virtually all the largest insurance carriers. We will determine your insurance needs and fill those needs by shopping around and finding you the right product at the best price.

College planning

We can run an analysis as to how much it will cost to send your student to the school or the schools of your choice.  We will then help you determine the best investment vehicle for the goal and help you manage that investment vehicle.